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Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limiting Stablecoin Role
The nominee to lead the Bank of Korea, Shin Hyun-song, has outlined a vision for South Korea's digital currency ecosystem, with central bank digital currencies and bank-issued deposit tokens at its core, and stablecoins playing a secondary, supplementary role. In his written remarks to parliament, Shin noted that while stablecoins can be useful for certain transactions, such as trading tokenized …
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank Digital Currency, Limits Stablecoin Role
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limited Stablecoin Role
The nominee to lead the Bank of Korea, Shin Hyun-song, has expressed his support for a digital money system centered around a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a secondary role. In his written remarks submitted to parliament, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a suppleme…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Led Digital Currency, Limited Stablecoin Role
The nominee to lead the Bank of Korea, Shin Hyun-song, has expressed his support for a digital money system centered around a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a secondary role. According to Yonhap, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a supplementary and competitive manne…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Endorses Central Bank-Driven Digital Currency, Limits Stablecoin Role
According to Shin Hyun-song, the nominee to lead the Bank of Korea, the country's digital monetary system should primarily consist of a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a secondary role. In his written remarks submitted to parliament, Shin expressed support for introducing a won-based stablecoin but stressed that trust in the currency must be …
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Led Digital Currency, Limits Stablecoin Role
The nominee to lead the Bank of Korea, Shin Hyun-song, has expressed his support for a central bank digital currency, suggesting that it should be the cornerstone of South Korea's digital money system, with bank-issued deposit tokens and stablecoins playing secondary roles. According to Yonhap, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stableco…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Downplays Stablecoin Role
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Citing Limited Scope for Stablecoins
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limited Stablecoin Role
The nominee to lead the Bank of Korea, Shin Hyun-song, has expressed his support for a digital money system centered around central bank digital currencies and bank-issued deposit tokens, with stablecoins playing a secondary role. According to Yonhap, he stated that central bank digital currencies and deposit tokens can coexist with stablecoins in a supplementary and competitive manner. In his wr…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Backed Digital Currency, Limited Stablecoin Role
The Bank of Korea's nominee, Shin Hyun-song, has expressed support for a digital currency system led by the central bank, with stablecoins playing a secondary role. He believes that central bank digital currencies and deposit tokens should form the core of South Korea's digital money system, with stablecoins serving as supplementary tools. In his written remarks, Shin emphasized the need for trus…
April 14, 2026, 10:01 a.m.